Chiquita Brands Unlikely to Slip Up

Janney Capital Markets upgraded the bananas and produce firm to Buy.

We are upgrading shares of Chiquita to Buy from Neutral and raising the fair-value estimate to $15 from $8.

With the third quarter's earnings-per-share report, newly appointed Chief Executive Ed Lonergan has formed and publicly endorsed credible plans to optimize the costs of this commodity business, which can likely support $65...